Pan is mandatory for cash settlement more than rs.25000
This query is : Resolved
24 January 2012
Dear All,
In case of any HOTEL/RESTAURANT/RESORT a guest is settling through cash more than Rs. 25000, if PAN of the particular guest is mandatory ??
In this case can the accompanying guest (apart from main guest in whose name billing done/ in whose name the room registration done) furnish the PAN for settlement of cash more than Rs.25000
Please advice.
Regards,
Santos
In case of any HOTEL/RESTAURANT/RESORT a guest is settling through cash more than Rs. 25000, if PAN of the particular guest is mandatory ??
In this case can the accompanying guest (apart from main guest in whose name billing done/ in whose name the room registration done) furnish the PAN for settlement of cash more than Rs.25000
Please advice.
Regards,
Santos
25 January 2012
Yes PAN quoting is compulsory while making payment to hotel/restaurent exceeding rs.25k at any one time.
It is meant for the Guest in whose name billing or registration is done.
However catch is at any one time so....
It is meant for the Guest in whose name billing or registration is done.
However catch is at any one time so....
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